KWM Jumps Nearly 9% to Bt5.55 as the Analyst Expects 2021 Earnings to Set a Record High
KWM rose nearly 9% as Maybank Kim Eng expected the company to set another record high in 2021 earnings at 98 million baht.
The share price of K.W.Metal Public Company Limited (KWM) rose ฿0.45/share or 8.82% to ฿5.55/share as of 11:00 local time in Thailand on May 28, 2021, with a trading value of 63 million baht.
Maybank Kim Eng has given a “BUY” recommendation on KWM with a target price at ฿6.00/share.
Maybank expected a profit this year of 98 million baht, representing an increase by 126 YoY, to set a new record for two consecutive years on the back of higher sales and margin after adjusting production lines and launching new products.
Moreover, the main customers with the very high tractor production have boosted their income. The hemp extract machine is expected to accelerate the profit in the next period.
